Twitter Facebook LinkedIn Flipboard 1 “Password” has been a fan favorite password for decades, but you’d think by now people would realize how unreliable it is. Unfortunately, it’s still ranked in the top five as the most popular recorded passwords of 2014. That’s right, people are still using the word password to protect their accounts. About 65% of users share the same password for everything, making 65% of users incredibly vulnerable to a security breach. When one password is cracked, it’s only a matter of time before the rest follow especially if it’s all the same password. The appeal of having one universal password extends to more than just individual users. Big corporations are often found guilty of having “password” style passwords protected their accounts. A recent data breach from a big company exposed the salary information of thirty thousand employees. Upon further investigation it was found that the IT department of the company had sensitive login and password information stored under the label of “passwords.” In a business setting, having strong passwords is essential not only for security, but also for finances. Cleaning up a mess from a breach can cost $200,000 for a small business and it’s been recorded that a single company spent $170 million dollars after a large breach. Password management is entirely underestimated, especially in large companies with a lot of employees. Giving workers access to accounts requires giving them the right clearance and passwords, but what happened when employees walk away? Almost 90% of ex-employees retain access to email accounts, PayPal, and other sensitive corporate data and 50% of them actually logged into those accounts even after leaving the company. So if we’re not supposed to use a single password, how are we supposed to keep track of it all? The answer is “very carefully.” Just as internet security grows, so too does the hacker’s ingenuity. Thieves will often look through personal emails to find corporate data since it’s commonplace for employees to link the two accounts with one another. Personal emails don’t have the same kind of security that corporate emails have making them the perfect the target to steal delicate information. Making sure your personal passwords are reliable is the first step to ensuring the integrity of your private corporate information. How safe are your accounts? Take a look at this infographic brought to you by LogMeIn for more on the dangers of having insecure passwords. Thoughts or comments about this piece? We’d love to hear from you in the comment section! Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Kane Pepi.Learn how to publish your content on B2C Author: Kane Pepi Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendlyView full profile ›More by this author:VoIP Basics: Everything Beginners Should Know!Bitcoin Investment, Trading & Mining: The Ultimate Guide for BeginnersIs This a Better Way to Set Your 2020 Goals and Resolutions?